No Claims Discount Insurance News Targeting the news that matters for the insurance companies you use. http://www.noclaimsdiscount.co.uk/news/ http://www.noclaimsdiscount.co.uk/images/logo_ncd.gif No Claims Discount Insurance News http://www.noclaimsdiscount.co.uk/news/ 135 60 Targeting the news that matters for the insurance companies you use. Fire Bank Bosses? What about the FSA Bosses? Who should have done more to protect us? 2010 seems to be the year for getting things done at the Financial Services Authority FSA. They have issued several fines, banned a few individuals and started major crackdowns on everything from mortgage insurance, and broker scams to bankers bonuses and tax avoidance. And all that seems to have occurred in just the last month. ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002012 01 Feb 2010 09:00:00 GMT 90% No Claims Discount? Maybe, but not likely in Hull Motorists who say they have been unfairly clamped on private land are being given the right to ask for compensation as part of the new Crime and Security Bill, which is due to come into force in 2011. Under the new rules, clamper's who charge huge fees to release cars may be restricted to the fees levied by local councils. Cla... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201002011 01 Feb 2010 09:00:00 GMT Insurers Bubble-Wrap Customers whilst the NHS throw them to the Wolves Legal and General will now provide a maximum of GBP3m for their life cover, an increase of GBP1m from their previous limit. Critical illness cover for businesses has also had its limit increased by GBP500,000 to GBP1.5m. Legal and General have commented that the reason for the increase is so they remain competitive... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001291 29 Jan 2010 09:00:00 GMT Chickens, Horses and Bees get more Compensation than Wounded Soldiers? There is no denying it - compensation is on the rise in all sectors and industries. It seems that at the drop of a hat, people will find a "no win no fee" lawyer and aim to get money for even the most spurious of claims. But what about the men and women who serve and are injured or killed in our armed forces? One would assume they ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001281 28 Jan 2010 09:00:00 GMT AXA to de-list from Stock Exchange whilst the UK Insurance Industry Need Incentives Insurance giant AXA has said that it will voluntarily de-list from the New York Stock Exchange because of inadequate trading volumes. Once this has happened they will focus on the trading of its ordinary shares on the Eurotext Paris where 95% of its shares are traded. Henri De Castries from AXA commented that the costs ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001271 27 Jan 2010 09:00:00 GMT Look out Joy! It's Sunday! YouGov conducted a poll in August 2008 putting much-maligned "left-handers" ahead in the stakes when it comes to passing their driving test at the first attempt, 57% did so. Not bad, when you think they learnt in a vehicle ergonomically designed to accommodate right-handed people. Growing up in a world where "right is mi... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001261 26 Jan 2010 09:00:00 GMT Insurance Costs and Compensation Payouts Skyrocket to create a Longer Recession A survey from the AA has shown that 19% of the 20,000 people questioned knew someone who had driven when they were to ill to do so. Just 2% of people admitted to doing so themselves. The results follow a government report which revealed that doctors and those in the healthcare profession have problems when dealing with people ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001251 25 Jan 2010 09:00:00 GMT Despite Crumbling Finances - Awards and Bonuses still being tossed round the industry According to financial analysts UBS, the insurance sector in Europe could be heading for a period of mergers and acquisitions. A report released this week has suggested that the sales of ING and RBS are expected to be an important part of the trend, with other major players in the industry taking advantage of the sales. Munich... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001221 22 Jan 2010 09:00:00 GMT The Government and Insurers seem to Love Handing out Compensation The Government has announced a new scheme to compensate victims of terrorism attacks abroad. It will apply to those who are not covered by any scheme available in the country where the attack took place. Those who have been victims since 2002 will be able to apply for the compensation retrospectively. Jack Straw comment... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001201 20 Jan 2010 09:00:00 GMT Tables Turn on Women Drivers after Retirement A report from Guardian Money has shown that until the age of 60, men are more likely to make a motor insurance claim, however after the age of 60 women tend to claim more often. The problem is so marked that after the age of 75 some insurers are making women pay more on their insurance. Statistics show that 36% of femal... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001181 18 Jan 2010 09:00:00 GMT Haiti, Thalidomide and Pleural Plaques - 3 Things Insurers are Not Worried About The victims of the morning sickness drug thalidomide have finally received an apology from the UK government. The apology follows a GBP20m compensation package which was announced last month. It will be administered through a trust over the next three years. The health minister expressed the governments sincere regr... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001151 15 Jan 2010 09:00:00 GMT GBP42,000 Chicken Compensation and GBP8million for non-seat belt wearing crash victim The opinion that the UK has gone compensation mad has been borne out by the fact that a Staffordshire farmer was paid GBP42,000 after his chickens were frightened by the Red Arrows display team and failed to lay eggs. In addition, GBP117,000 was given to a Yorkshire racehorse owner when his horse hurt itself after it w... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001131 13 Jan 2010 09:00:00 GMT Despite Insurance Workers Extra Efforts to Get in to Work - Customers still Complaining The UK has experienced the worst cold snap in thirty years which has caused record snowfall in many parts of the country. For most, that has meant days off work and school, altered plans and even panic buying at supermarkets and petrol stations. While this might seem like a perfect excuse for an extended Christmas holiday, the real... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001121 12 Jan 2010 09:00:00 GMT Costs are Always Passed on to the Consumer The NFU Scotland and the National Beef Association have asked the Scottish Government for funding to help farmers affected by the heavy snowfall of the past few weeks. Many farmers have experienced collapses of buildings due to the weight of snow, many of which are not covered by insurance. NFU Mutual has received more ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001111 11 Jan 2010 09:00:00 GMT Winter Causing Excess Claims, Insurers Spend their time asking about Marital Problems The Association of British Insurers has issued guidelines for motorists during the bad weather this winter. This follows the revelation that 27 cars had been stolen in Lancashire in just two hours, after being left unattended while the drivers allowed them to warm up and de-ice. The ABI suggests that drivers remain insi... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001081 08 Jan 2010 09:00:00 GMT Despite the Recession, People still not Maximising their Insurance Choices A study by Gocompare.com has revealed that 41% of consumers have not moved their utility or financial services provider during 2009, despite better deals being available. Those with motor insurance were the most likely to move with 22% switching, this was closely followed by energy customers at 20% and home insurance policyhol... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001061 06 Jan 2010 09:00:00 GMT Happy New Year to the Insurance Industry Weather forecasters have warned that the current cold temperatures being experienced around the country are set to last for another two weeks. The country has already had the coldest December in a decade and temperatures may drop as low as -15C in Scotland and Northern England over the coming ten days. The cold snap has prompt... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=201001041 04 Jan 2010 09:00:00 GMT Merry Christmas UK - Sorry about all the bad news this year We can't say that this year at NCD News has been enjoyable. Reporting in the financial sector will always lean toward bad news, but we had hoped to provide you with a larger percentage of helpful tips and advice rather than the masses of company obituaries and bland PR nonsense the surviving insurers were spilling out to try and sm... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912241 24 Dec 2009 09:00:00 GMT No wonder insurers get nervous at Christmas A group of teenagers who were raising money for the Muscular Dystrophy Campaign have been refused the chance to pack bags in Havant Tesco, as they were not able to prove they had public liability insurance. The customer services department had given the go-ahead to the group on the previous day, but they were turned away by th... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912231 23 Dec 2009 09:00:00 GMT Money Makes the World Go Round, Dog Eat Dog ... you name it, Britain fits the Cliche Europ Assistance, an ID theft assistance organisation, has been issuing warnings to consumers to take care of their identity over the festive period. It advises keeping an eye on the activity in bank accounts and taking special care when shopping online to avoid fraudulent websites. They also remind people to ask Royal Mail to... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912221 22 Dec 2009 09:00:00 GMT Nothing to smile about in Britain at Christmas GBP6,000 of tax-payers money has been spent on a failed bid by a prisoner to gain compensation after he objected to a volunteer jail worker not addressing him with the title "Mr" - Bernard Pennington was in jail for attacking his wife with a machete and felt that being termed as a prisoner was a breach of his human rights.... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912211 21 Dec 2009 09:00:00 GMT Everything is being insured, Everyone wants compensation Angela Frost, a nine year old girl who was left with severe brain damage after suffering from an undiagnosed virus, has received a multi million pound compensation payment. Staff at James Paget Hospital failed to recognise the virus which struck when she was a baby. The out of court settlement includes a yearly payment of the ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912171 17 Dec 2009 09:00:00 GMT Christmas Warnings from Insurers Research from the Organisation for Economic Cooperation and Development OECD has found that the UK has below average survival rates for breast cancer. 78.5% of sufferers in the UK survive past 5 years, while the average in the US is 90.5% where almost all healthcare is provided on a private basis. The average overall ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912161 16 Dec 2009 09:00:00 GMT You take the high road and I'll take the low road and I'll sell insurance before you Aviva has been warning commercial premises owners to be aware that pipes leaking and bursting is more common following the Christmas break than at any other time in the year. In fact, claims for water damage rise by 20% between December and February. The average cost of each claim is around GBP3,100. Property claims manage... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912151 15 Dec 2009 09:00:00 GMT No Laws to Stop Insurers Deleting your No Claims Bonus Years? Thanks to the EU, the 5th Directive took over from the 4th Directive and covered a number of points relating to motor insurance. It was adopted on May 11 2005 and came into force on June 11 of that year. While much of it's provisions were already part of UK law, such as providing compensation from the Motor Insurance Bureau where s... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912142 14 Dec 2009 09:00:00 GMT Are criminals getting more compensation than victims? A jailed paedophile has won compensation from the Scottish Prison Service for failing to treat his toothache. Neil Robertson who has been described by a judge as a dangerous psychopath, made the claim after the prison service failed to find an NHS dentist to treat him. He has received an out of court settlement. The loc... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912141 14 Dec 2009 09:00:00 GMT Bank Bonuses get 50% tax whilst Insurers left in the clear The pre-budget report which was revealed on Wednesday has indicated that there will be a 1% increase in national insurance payments for middle income earners and another 1% for those on incomes above GBP44,000. The top tax rate has also been widened to include pension earnings, despite the small increase to the pension its... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912111 11 Dec 2009 09:00:00 GMT Kids Fingers Cut Off, all our Luggage Lost and No-One wants a Pension A leading financial advisor has warned insurance companies that customers have lost faith their pensions due to poor performance and high charges. This comes after the ABI announced a GBP6.7bn drop in sales of pensions, insurance and investments for the three months to the end of September, compared to the same period last... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912101 10 Dec 2009 09:00:00 GMT Festive Warnings and Another Life-Ruining Doctor is Kept on by the NHS 19 women who were left disfigured and in pain after botched surgery by a Barnsley Hospital surgeon Puvaneswary Markandoo, have been awarded GBP700,000 in total. The women were operated on after being treated for breast cancer. The hospital says that when a problem with the surgeons work was discovered, it set up an advice ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912091 09 Dec 2009 09:00:00 GMT "Savvy" Britain Easy to Pull the Wool over Research from moneysupermarket.com has shown that people living in Scotland experience the lowest insurance premiums in the UK. The analysis of more than 1m insurance quotes showed that 7 out of 10 of the cheapest insurance areas in the UK are in Scotland with Dunfermline and Glenrothes coming in the top spots. Those li... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912071 07 Dec 2009 09:00:00 GMT Aviva and Dodgy Solicitors Funnelling Funds in Different Directions Aviva has agreed on the sale of RAC France, which coordinates roadside cover for UK drivers who breakdown in France. It also provides extended car warranties. The buyout is backed by French private equity firm Finadvance SA. RAC France has assets to the value of GBP38m. No details of the sale have yet been released, except... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912041 04 Dec 2009 09:00:00 GMT Compensation Laws: Inept Pieces of Legislation from Inept Governments Being involved in or having your loved ones killed in an accident is difficult enough to deal with, without having to then work out if you are entitled to compensation or not to help with the loss - especially if you are a family that has just lost the bread-winner. Often the system is unfair and arbitrary and can depend on how goo... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912031 03 Dec 2009 09:00:00 GMT AIG Deleted, Lloyds TSB Firing Again and LandG fight RDR AIG UK have finished their rebrand to Chartis Insurance UK, which began earlier in the year. The company have said that there will be no change to their legal status but that the rebrand brings together all AIG's global property and casualty businesses under one brand for the first time. The CEO commented that he is hopeful th... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912021 02 Dec 2009 09:00:00 GMT HSBC Sells Assets as Ireland Floods According to the Irish Independent newspaper, parts of Ireland may become uninsurable following the recent floods in the country. It was suggested that reinsurance companies are likely to become more aggressive with their premiums, leading to some areas being uninsurable. Hibernian Aviva has said that the cost of the flooding ... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200912011 01 Dec 2009 09:00:00 GMT Seems the World is coming apart A report from confused.com has suggested that there are inconsistencies in the way a href=" news art_display.php?show=200911092" no claims discounts a are protected. Will Thomas from the comparison site said in The Independent this weekend, that while some insurers may say they take off up to 75% from their premium, the way... http://www.noclaimsdiscount.co.uk/news/art_display.php?show=200911301 30 Nov 2009 09:00:00 GMT